A separate survey by batdongsan.com.vn on end-of-2024 consumer sentiment found that 86% of respondents were keen on buying a green home, with 88% willing to pay extra for it.

Speculation and manipulation are among factors which have inflated housing prices in major cities recently, in addition to increases in land-related costs and limited supply, according to the Ministry of Construction.

Data from Savills showed that apartments priced at 4 billion VND (160,950 USD) or more accounted for 70% of the number of those sold in the first nine months of 2024, a sharp increase from 2% in 2020.

The domestic real estate market in the first quarter had the lowest transaction volume in the past four years due to the impact of the COVID-19 pandemic, the Vietnam Association of Real Estate Brokers (VARS) said.

The domestic real estate market in the first quarter of this year witnessed the lowest transaction volume in the past four years due to the impact of the COVID-19 pandemic, according to the Vietnam Association of Real Estate Brokers (VARS).